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OIL INFRASTRUCTURE DAMAGE
IEA slashes oil demand forecast as prices surgeThe International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the...- New problem shaping up for the oil market as Hormuz remains shutHouthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of ...
- Russian attacks on Kyiv petrol stations kill two, Ukrainian strikes kill three in RussiaRussia attacked two Kyiv petrol stations with jet-powered drones, killing two people. Ukraine also carried out drone attacks on Russia, kil...
- Saudi airstrikes hit Yemen's rebel-held Mokha airport as Houthis take island near key straitYemen's Houthi rebels seized a strategic island in the Bab el-Mandeb Strait. This advance further threatens Saudi oil exports through a key...
- UAE revises AI data center plan after Iranian attacks, sources sayIn light of recent attacks linked to Iran, the UAE is re-evaluating its extensive AI data center project. Officials are contemplating distr...
- US Market: Wall Street brokerages see S&P 500 extending rally in 2026 on AI, earningsWall Street brokerages remain bullish on the S&P 500 in 2026, with AI-driven earnings growth and resilient corporate profits expected to su...
- Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacksOil prices climbed over one hundred dollars per barrel on Thursday amid escalating attacks on shipping lanes. The surge was driven by fears...
- Oil surges 5%, Brent and US crude both over $100 on more tanker attacksOil prices jumped 5% to above $100 a barrel as escalating US-Iran fighting and attacks on tankers raised fears of wider supply disruptions....
- Trump makes millions while US troops paid the price of the Iran war: here’s how much his oil and gas holdings gainedPresident Donald Trump saw significant financial gains from his oil and gas investments during the Iran war, with his nine primary holdings...
- A country without evenings: Cuba's blackouts pass 24 hours as Washington targets the firm that keeps its power plants runningThe United States has imposed new sanctions on Cuba, targeting key energy import companies. These measures aim to worsen the island's ongoi...
- Oil’s $100 nightmare is back as worst-case scenario is taking shapeHouthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impactin...
- Nepal rescuers continue search for missing as identification of dead remains challengeEleven days post the catastrophic floods in Nepal, search teams are tirelessly looking for those still missing. Authorities are confronted ...
- Ships adopt makeshift anti-drone defences as Black Sea attacks intensifyTo counter the escalating risk of drone assaults from Russia and Ukraine in the Black Sea, vessels passing through the Bosphorus are equipp...
- What are Iran's options to retaliate as open warfare resumes with the US?The US launched a fresh wave of attacks on Iran, prompting Iranian missile strikes on what Tehran said were US assets in Jordan, Bahrain, K...
- Putin says Russia is winning on battlefield, will not negotiate with 'terrorists'Russian President Vladimir Putin said Russia was winning the war in Ukraine, claiming its battlefield advances were accelerating and warnin...
- Russian air attacks kill 12 in Kyiv region on sixth day of strikesRussian air attacks killed twelve people in Kyiv and the surrounding region. Intense strikes have escalated in recent months, disrupting da...
- Oil Price Today (September 1): Crude oil above $90 as US, Iran attacks jolt Hormuz hopes. $100 in sight?Oil prices rose on Tuesday as renewed fighting between the U.S. and Iran in the Middle East revived concerns over potential supply disrupti...
- Oil prices rise as latest fighting resurrects Middle East supply disruption risksOn Tuesday, oil prices surged as concerns over supply disruptions arose due to escalating conflicts in the Middle East. Both Brent crude fu...
- Trump says US inked deal with Venezuela to take control of 65 billion barrels of oil reservesThe United States has reached an agreement with Venezuela concerning oil reserves. This deal involves taking control of sixty-five billion ...
- Russia is one of the world's top oil producers, so why is it still importing petrol from IndiaRussia is rationing petrol domestically as Ukrainian drone strikes damage its oil refineries. The nation continues crude oil production whi...
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